Managers of Wealth Offshore

Guernsey promotes good governance in family offices with new guide

It also concerns the checks and balances of the way the office is operated, to ensure that previously established rules are being followed.

Controversial fundraising rules for NGOs being watered down

The rules will be redrafted after consultations

MALTA: Customs seize €84,210 worth of counterfeit bank notes

615 individual Euro currency notes were intercepted by Customs at Maltapost

Cayman Financial services neglected by candidates

No other private sector employs as many Caymanians as finance, and the revenue the next government will need to navigate its way through the next year will come largely from the businesses operating in the offshore space.

Gibraltar, Guernsey, Jersey and Isle of Man to share CTF information

The forum will see Gibraltar share expertise with the self-governing British dependencies Guernsey

Walkers Acts on F&G Re Cayman Class D Licence

The Company is focusing on the reinsurance of longevity risk, bulk annuity and pension risk transfer.

The Damage Done from “Blacklisting” Caribbean Countries

The EU’s blacklist has mostly featured small economies like Palau and Samoa though territories more known for offshore business including Panama and the Cayman Islands have featured.

Central Bank: Trinidad and Tobago lucrative for mergers, acquisitions

The session also sought to explain mergers and acquisitions and the impact on an economy, especially in a pandemic.

Economic substance requirements: overview

The requirements of the economic substance test vary depending on the relevant activities conducted and each relevant entity must make an annual report in order to enable its compliance with the requirements of the economic substance test to be assessed.

Ireland Update | Code of Practice on the Right to Disconnect

The Code does not create any new substantive rights for employees or offences for an employer.

New filings for Cayman Islands private funds

This declaration must be filed with CIMA within 6 months of the financial year end of the private fund.

Top Industry Partners Celebrated at 2020 Financial Services Awards

This year’s big winner is KPMG BVI, who received three awards, including Auditor of the Year, Accounting Firm of the Year, and Insolvency Practice of the Year.

UBO Information in Cayman is safe from prying eyes

The BO regime is aimed at improving the exchange of information between Cayman and international regulatory

Rights of renewal for commercial tenants in Jersey

A tacit renewal is implied from the actions of the parties to the lease.

Emerging Patterns in Cayman Islands Merger Appraisal Litigation

In the majority of cases, the merger is initiated by the company’s founder as a mechanism to take the company private by acquiring the shares of minority shareholders.

Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds

Through a keepwell deed, the PRC parent company undertakes to keep the offshore bonds issuer solvent and financially stable so that it can meet its payment obligations in respect of the bonds.

MFSA outlines expectations in fund management sector in new publication

The authority said that it expected licence holders to take note of the content of the publication and carry out a self-assessment exercise with respect to the recommendations being made

Sanne enters into an agreement to acquire STRAIT

Sanne Group plc (“Sanne”) has entered into an agreement to acquire STRAIT, a successful Dallas based fund solutions company for alternative investment firms.

CIMA cancels more than 1,300 director registrations

The authority had warned 1,330 directors in a public notice in December that it would cancel their registrations if they did not comply with the requirements.

Mauritius a player in transparency – identifying Ultimate Beneficial Owners

This mandate for transparency in many jurisdictions has changed the game in the financial industry around the world and Mauritius as a responsible player has been no exception.

Regulation, Risk & Compliance